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Should Indian Companies care about the Environment

According to the KPMG India CSR Reporting survey, the overall spending on corporate social responsibility by Indian companies has increased by 22% in the year 2015-16, as compared to the financial year 2014-2015, with a bulk of funds going to the areas of skill development, education, sanitation initiatives and healthcare. Expenditure on environment related activities were amongst the least invested ones, which shows that many Indian companies are not working towards ecological causes.

Expert studies say that creating a sustainable eco-friendly community would not only benefit the social responsibility mandates of the company, but would also contribute towards building a long-term economic-sense for the organisation. Fiinovation believes that the corporate social responsibility activities that you undertake can help your mainstream business activities as well. It can also potentially help the company create a difference, and that is indeed the need of the hour. Through the Innovative Financial Advisors Pvt Ltd Reviews you will be able to understand that Fiinovation works on several sustainable projects that will help achieve your company’s mainstream and social goals.  

Five Reasons to follow a Green CSR program

In today business landscape, the country is facing several issues, such as, pollution, climate changes, etc. It is important to understand that these issues would also impact the strategies and the operations of a business – in fact, larger sustainability issues triggered by these ecological factors are becoming important dialogues of several companies’ stakeholder conversations.

Verifiable corporate partnerships have proven to be the key-factor in ensuring that CSR helps the mainstream business operations of companies. When you read Innovative Financial Advisors Pvt Ltd Reviews you will understand that the organisation works with the ideals of innovation and practicality that would help provide sustainable solutions for businesses seeking CSR consulting in the areas of environment protection and preservation. Here are a few other reasons to concentrate on it, apart from just meeting the government’s corporate social responsibility laws:

1.    Increased Revenue: While the company will be able to save significant costs by going ‘green’, they will also be able to attract new customers who support such eco-initiatives, and this would increases the company’s customer base, and thereby their revenue.

 2.    Reduced costs: Sustainable practices as a part of the company’s social campaign can help reduce energy costs, helping the company mitigate the risk of expensive resources. By creating an eco-friendly community, the company can think about more sustainable goals that could be economical in the long run as well.

 3.      Added Reputation: Following such activities and business operations will help the business generate a better brand value, which would uplift the goodwill and public image of the company. Fiinovation complaints and effective planning motto ensures that the undertakings of the company will only improve the brand image.

 4.      International standards: Several studies show that numerous international organisations give a lot of importance to green practices. Therefore, by adopting similar practices, the company will be in par with global standards.

 5.      New opportunities: Several companies that actively partake in such endeavours are being considered as pioneers in the areas of sustainable business operations. They are invited to actively take part in industry norms discussions, global conferences, decision-making conversations, etc.

The Fiinovation team will understand your requirements, and will help in devising a plan that will meet your organisational mission and visions. The

Innovative Financial Advisors Pvt Ltd Reviews

will help you see how the company works towards creating a successful and sustainable CSR mission.

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Is Csr a Fundamental Duty?

Csr, a Responsibility Towards the Nation

Corporate social responsibility is defined as a business tactic that aims at contributing to sustainable development of the nation by delivering economic, social and environmental benefits for all stakeholders. It has been statutorily imposed by the Indian Companies Act, 2013 on the corporations earning above a limit set. As per the law, corporates are required to spend 2% of their profits on CSR activities as a means to achieve sustainable development. The CSR activities refer to all the activities that are imitated by the corporates in order to help the society in some way, including activities like eradicating hunger, poverty and malnutrition, encouraging preventive healthcare, stimulating education and promoting gender equality and etc.

Csr, a Fundamental Duty!

Fundamental duties are defined as the moral onuses of all citizens of India to help promote a spirit of patriotism and to uphold the unity of the nation. These duties are contained in Part IV–A of the Constitution. Fundamental Duties of citizens were added to the Constitution after the 42nd Amendment in 1976, upon the recommendations of the Swaran Singh Committee. However, like the Directive Principles, Duties are not enforceable by the law.

Business Responsibility or Corporate Social Responsibility is largely seen as a major factor that contributes to the upliftment of the society. CSR activities are a part of VII Schedule of Section 134 of the Indian Constitution. The VII Schedule of the Indian Constitution contains a list of CSR activities to be undertaken by the corporates, indicating that all the activities are related to Fundamental Rights under Art 21 of the Constitution.

It is not only the responsibility of the Govt. to make India a better place to live in, but also the industrial units other than PSUs. The mention of CSR activities in the ambit of Article 21, serves as the supporting arm of the Government in giving effect to fundamental rights more specifically. The fundamental rights corresponding to the duties add value to the whole concept of CSR and recognizes the onus of the corporations towards the society. The basis of mentioning CSR activities under fundamental rights and duties is to ensure precedence of nation’s issues before corporations’ own profit.

Fiinovation is an ace CSR consulter that has been working in the field since 8 years. It majorly focuses on these priority issues corresponding to the CSR activities to be up taken by the Corporations and Fiinovation Complaints are just ways of the competing firms to downgrade their goodwill.

·         Livelihood:

CSR activities should aim to promote livelihood projects and it is through that one can be ensured about the right to lead a life consistent with human dignity.

·         Environment:

CSR activities must ensure environmental sustainability through ecological balance, protection of flora and fauna, animal welfare, conservation of natural resources thereby maintaining the quality of soil, air and water.

·         Health:

CSR activities must initiate health projects and open up hospitals and dispensaries in the rural areas. The remote areas lack any such health facilities and therefore the populace suffers.

·         Education:

CSR activities have a bearing on the ‘right to education’ as a fundamental right. They should aim at promoting education, including special attention on enhancing vocation skills specifically among the children, women, elderly and the differently abled.